EMF Weekly 39

2 months ago

Tankers

Another strong week in the tanker market. High activity levels, especially in the VLCC-segment. The rates are still stable at high levels all over. VLCC rates are stable, the same trend is seen in Suezmax, while Aframax spot rates take a push up 6% from last week levels.

$ /day
$ 0 /day

Aframax, 12 months TC

$ 0 /day

Aframax, Average spot

Tankers
Aframax, 12 months TC
Aframax, Average spot

Dry Bulk

The Capesize segment had another positive week, with a significant increase in spot rates supported by an increase in iron ore exports from Brazil and Australia. The Panamax segment maintains the momentum from last week, where increased exports of grain in the Atlantic contribute to increased rates. Handy/supra segment rates have kept steady from last week levels.

$ /day
$ 0 /day

Capesize, 12 months TC

$ 0 /day

Kamsramax, 12 months TC

Tankers
Capesize, 12 months TC
Kamsarmax, 12 months TC

S&P

Tanker

A Chinese built MR-tanker (50,420dwt, 2011) sold for a price in the region of $26m. To compare, the one year younger sister ship, “Laperhouse” was sold in the region of $18.5m in May 2022.

Dry Bulk

The Japanese built capsize ship (181,429dwt, 2012-model) “Frontier Triumph” sold in the region of $30m.

Tankers

Indicative TC (1 year)
Type Tons Week 38 Week 37 + /-
VLCC 300t. $ 47.500 $ 42.500 12 %
Suemax 180t. $ 38.000 $ 38.000 0 %
Aframax 120t. $ 37.500 $ 37.500 0 %
MR 80t. $ 32.500 $ 27.500 18 %
Indicative Values
Type Resale 5y 10y 15y
VLCC 116.00 88.00 64.00 47.00
Suemax 82.00 62.00 45.00 28.00
Aframax 72.00 57.00 42.00 20.50
MR 56.50 44.00 30.00 17.00

Dry Bulk

Indicative TC (1 year)
Type Tons Week 38 Week 37 + /-
Capesize 180t. $ 17.250 $ 15.250 15 %
Panamax 76t. $ 15.250 $ 14.625 4 %
Supramax 55t. $ 14.750 $ 14.750 0 %
Handysize 30t. $ 15.500 $ 15.500 0 %
Indicative Values
Type Resale 5y 10y 15y
Capesize 56.50 47.00 30.00 18.30
Panamax 37.00 31.00 22.30 15.50
Supramax 36.50 29.50 21.00 15.30
Handysize 30.00 26.00 18.00 11.00

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